Team Sky, the UK-based professional cycling team of the winners of the last two Tours de France, Chris Froome and Bradley Wiggins, has extended its partnership with Pinarello, the Italian manufacturer that supplies the team’s bikes. The three-year deal with Pinarello, a founding partner of Team Sky in 2010, takes the supply arrangement into a seventh season. Dave Brailsford, the team principal, said: “Over the last four years our relationship with Pinarello has been a true partnership, one which we are delighted to be extending. Not only do they share the same desire for excellence, but from [company owner] Fausto [Pinarello] right through the company they are an absolute joy to work with. There is a lot more we want to achieve as a team and we go forward knowing we have the best partner to do that in Pinarello.”
Oleg Tinkov, owner of Russia’s Tinkoff Bank, a joint sponsor with Saxo Bank, the Danish investment bank, of the Saxo Bank Tinkoff professional cycling team, said that he planned to start a new team of his own after negotiations with Saxo Bank Tinkoff team owner Bjarne Riis over renewing the sponsorship broke down. Tinkov attributed the decision to end the sponsorship to poor results in 2013 and a desire to pursue his own cycling project. Earlier in the month, Saxo Bank had committed itself to the team for a further year.